FedEx Stopping Ground Deliveries For Amazon

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FedEx is ending its ground delivery partnership with Amazon, FedEx said on Wednesday, news that comes as Amazon moves to expand its own delivery network.

“This change is consistent with our strategy to focus on the broader e-commerce market, which the recent announcements related to our FedEx Ground network have us positioned extraordinarily well to do,” FedEx said in a statement.

Amazon, meanwhile, has been expanding its delivery fleet of vans, trucks and planes. The online retail giant made up less than 1.3 percent of FedEx’s revenue last year, according to Reuters.

Read more at The Hill.

{Matzav.com}

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